XPRS Capital Review : Business Funding Scam?

Xprs review

Today you are in for a treat, I will be reviewing XPRS Capital. They are well known in the field of business financing. They offer you fundings that starts from $5000 up to 1 mill. They even claim to have 100+ of clients across different industries. 

Their aim was to use technology to easily connect small businesses to improve economic growth for America. Seems patriotic so let’s have a deep dive about XPRS and how it can help you grow your business this year.

Are you ready?Let’s get into it…

But Before starting this review…

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Who owns XPRS

chuck kim

Here’s a quick introduction to the mind behind XPRS, Chuck Kim the known CEO of XPRS, he leads the product management, marketing and even the business strategies.

Chuck Kim is an accomplished business leader and to back things up He’s recognized  to have a good status in profit and loss management. Additionally Kim has a successful track record on his companies growth and profitability. 

Kim is a passionate entrepreneur that always seeks innovation leading to the creation of XPRS.  Having the heart to develop and launch businesses with products and services that can shape the industry nowadays.  

He was also known to be a “thought leader” that has excellent judgment business and is known for analytical prowess.

Some even give him the title of an energetic manager and a skilled mentor who can identify and develop talents, Kim also builds and leads high performance teams.

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What is XPRS Capital, LLC

xprs capital

We are done with the mind but what about his brainchild, XPRS Capital, LLC was founded around 2012 to be a technology focused system helping small business lenders in Santa Monica California.

The firm provides small businesses loans to finance their capitals, equipment purchases, project expansions, building their inventories, marketing increments, advertising expenditures, salaries for new staff and many to mention. 

XRPS believes that today’s financial system was such a let down mostly for the people who needed it the most. Nowadays small businesses tend to get denied the access to take credit due to their backgrounds.

Some owners not having enough credit score is one of many reasons for getting denied or will not be even part or getting prioritized by some traditional lenders. 

They found that as time goes the gap widens between those who are able and those who can not, which is a thing in the US. Better credit score matters on most occasions.

So in order to leverage the need they make it their goal and mission to use technology to bridge the gap and reach out to those small businesses that have capital but keep on getting rejected by most. 

Using the latest technology available in the market XPRS efficiently uses it to bring small businesses closer and spur economic growth. 

It may sound patriotic for some but given that neglecting small business can lead to a country’s fall  is something you need to be aware of and WPRS wants to tend to that.

XPRS claims that they can deliver business loan applications as easy as ABC, It’s fast with a 1 business day time frame. Promising you the less stress, less hassle structure that you won’t be needing to focus on this much and more on to your business.

XPRS also provides you with a wide range of funding options that are suited for your business needs that I’ll be discussing to you later on in this review.

Additionally amongst the options XPRS guarantees you a direct connection with faster response allowing them to give you better rates and a full transparency of the process.

Lastly they claim that XPRS is not like your old traditional banks that will just lend you and don’t give a damn about you or your business WPRS gives you this branding of we care and help you with everything.

Heck they even want to focus on helping you with your cash flow and the health of your business and not just your credit score and credit history. They’ll help you to get your capital quickly with efficiency and affordably. 

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Types of XPRS Funding

xprs funding

 

So here’s the type of financing that could suit your business that they’ve listed on their website. 

Equipment Financing

As a business individual you must take into consideration that there will always be upfront costs especially in leasing equipment. Some establishments tend to demand for initial payments before usage causing you financial strains. 

Secondly you get stringent applications where you need to fill up this and that just to borrow certain equipment in your businesses. 

Lastly the length of terms when you borrow the equipment the longer you use it the more financially trained you’ll suffer.

This is when XPRS comes where they offer you to finance your needs. You know what equipment you need you ask for the total price and they’ll lend you the money to buy them.

Small Business Acquisition Financing

Small business acquisition is probably a way to expand your business to offer a wide range of products or even better services than your competitors but the thing is Small business acquisition becomes an ordeal and it’s hard to be approved by traditional banks. 

As an owner of a small business you must have the knowledge on what you’re going to get. Will it be profitable to you or is the location the best to get a large volume of customers. 

As long as you’ve decided that this place and business is on the clear from your doubts, XPRS will give the benefit of the doubt and look more on your cash flow than your credit score. 

Working Capital Financing

So from having a small business to expanding you know as an owner that in order to keep your business together is to keep on pumping the cash. You need to pay for rent, inventories or even new hired staff as you expand.

XPRS comes to the rescue with flexible and manageable payment plans that can give you control of your business cash flow much better than worrying of financial shortage.

Seasonal Cash flow Financing

It is good for those businesses that pop out every now and then. Business that needs capital in such occasions where they sell specific trends of products and services.

It’s a good idea to have ready cash on hand. You might need it when things go south. That’s why XPRS is willing to give you a hand and lend you the money you need.

Business Expansion Financing 

You may be small before or already a big business but still as the company flourish the cost of running it gets higher. 

As an owner you need to expand your building or purchase a new and better space, you need to buy interior stuff like furniture, you need a third party service provider to help you out or even an additional capital to fuel the business. 

If you have a clear plan for your business and funds are needed, XPRS business expansion loan might be your go to. With much flexibility in their plans what could go wrong right?

Or so we thought…

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Downside of XPRS

Taking out loans is a pain in the ass especially Traditional banking won’t allow you to do it frequently especially when your credit score is so low. It’s always important as an individual to carefully consider the implication to it, especially on your business ventures.

First thing you might wanna consider was the interest in payment. Let’s be real about this one XPRS claims that they don’t need your credit score or whatsoever but the thing is can you really pay the interest fees even with the flexibility they offer?

It’s common knowledge that loan companies earn from putting absurd rates on top of what you borrowed from them plus the fact that they will make you believe that you’ll be able to pay fully if you pay this xxxx amount for a certain duration. 

Secondly, if you think that XPRS is fine with your credit score and you think I might be able to get loan after loan from them since they set flexible ways to pay, think twice my guy.

Not only your credit score might plummet more once you fail on their timely pay you’ll be marked by many and will make it harder for you to get a loan to other companies. 

Third thing to remember is the financial stress it can lead you to. Not only are you paying for the business expenses to run it, you’ll be forced to pay daily, monthly or every other two weeks what you owe them. 

Lastly the possibilities of hidden fees and charges especially if you’re too lazy of a person not to read TOS [terms of services]. Always ask for the full cost and what makes you cut off these hidden charges.

Conclusion

Will I recommend XPRS for your business? Hell no, or even other loan companies or loan sharks that exist. Not only do you put your business at risk you also put your entire assets at risk too.

If you’re looking for something to do with your business and to make it flourish this 2024 might as well be open to other suggestions and recommendations. I have tons of it, feel free to give them a visit links around the article.

Before Leaving…

If you want to start a business which will help you achieve fu** you money status, then look no further than my #1 recommendation.

This is simply the bestest way to make money online and it’s making me over $30k a month in pure profit (*And I believe it can make me way more money than that*)

Click here to check out my top recommended course and start making money right away

My Top Rated Course >>